Raymond James Has Pessimistic View of TSE:PD FY2025 Earnings

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Stock analysts at Raymond James dropped their FY2025 earnings per share estimates for shares of Precision Drilling in a research report issued to clients and investors on Wednesday, April 9th. Raymond James analyst M. Barth now forecasts that the company will post earnings per share of $9.15 for the year, down from their previous estimate of $12.28. Raymond James currently has a “Outperform” rating and a $124.00 target price on the stock. Raymond James also issued estimates for Precision Drilling’s FY2026 earnings at $11.31 EPS and FY2027 earnings at $15.39 EPS.

Other equities research analysts also recently issued research reports about the stock. CIBC decreased their target price on shares of Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. TD Securities lowered their target price on shares of Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Royal Bank of Canada lowered their price objective on shares of Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Precision Drilling currently has an average rating of “Moderate Buy” and a consensus price target of C$113.71.

Precision Drilling Stock Up 1.2 %

Shares of TSE:PD opened at C$58.75 on Monday. The firm has a 50 day simple moving average of C$67.67 and a 200-day simple moving average of C$80.26. The company has a market capitalization of C$836.02 million, a PE ratio of 3.46, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$109.20. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98.

Insider Activity at Precision Drilling

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 3,393 shares of Precision Drilling stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. Also, Director Carey Thomas Ford sold 5,108 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$396,686.26. 2.12% of the stock is owned by insiders.

About Precision Drilling

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.